Right now there is a lot to be happy about. Bitcoin Cash just revisited, for the first time since the November run, the $2,000 mark. It's not a surprise it was sold off after a manic +30% run, and is now consolidating. This is very normal and this consolidation may continue for a while before further upward movement.

The reality of the situation in crypto right now is the following.

South Korea, as said before, is holding a meeting or has held a meeting, can't tell which, but is announcing what measures its taking to regulate/control the crypto market "Friday".

Mount Finex has printed themselves an additional $125,000,000 Tether.

Yet, despite that, we are in a bullish flag pattern after a major break out, which is a continuation pattern that indicates further upward movement.

Fundamentals are critical, but for daily trading, technicals are what matter the most, and we have them.

Check my Yours post for more info.

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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party

Kommentar:
Bitcoin Legacy was trading for this price in the first 6 months of this year.

Think about that.

Kommentar:
Update to the trade thread. BTFee™ may have some moon coming to it, so we need to be careful.

If it moons, expect numbers like $25,000.

Kommentar:
New update to Yours. BTFee™ reaches a new high and yet Bitcoin Cash does not dump.

Trade still active.

Kommentar:
No updates because, well, there hasn't been much to update. I am a little surprised that both ratio and USD holds well while BTFee pumps.

Breakout point at this point is denoted on the graph. Don't underestimate BTC. There is more coming.

Kommentar:
I expect Bitcoin Legacy to break the $20,000 mark today and it may do so on major velocity. It is unclear how it will affect Bitcoin Cash pricing, but if it knocks the ratio pairs down on all other coins again, then the USD prices will also correct.

No reason to believe that a sudden DragonSlayer event is going to happen, but the BTFee™ difficulty adjustment that's coming today is going to have a major, major effect on the market, in my opinion.

I have a new article up for trading Bitcoin Legacy in my Yours.

For this trade, I would advise, at present time to exit long trades in profit/break even and stay flat until CME Futures opens Monday morning.

I do not recommend selling any of your core holdings.

== Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party

@ErnestEA, I think the action on BCH the last 22hrs is bullish. Bitcoin is up 9.8% and BCH is down only 1.8%. Previously if Bitcoin pumped around 10% BCH would be down around 10%. Also Bitcoin is approaching the 20K USD figure. There is a good chance it will find some resistance there and not just blow straight through it to higher numbers.
In the coming days I think we are headed for higher price in BCH, not a bloodbath. We have just broken upside out of a triangle pattern and are consolidating just above the triangle providing juice for a move further upward. This is bullish action for now imo.